PRESS RELEASE - ProSiebenSat1, the parent company of ParshipMeet Group, has released Q2 2023 financial results. The Dating & Video segment witnessed a decline in revenues to EUR 107M in Q2 2023, a drop of 18% from EUR 130M in the previous year, largely influenced by stricter consumer contract regulations in Germany, which particularly affected subscription models of Parship and ElitePartner. Adjusted EBITDA decreased 30% in Q2 and by 18% in H12023.
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ProSiebenSat.1 Group Faces Revenue Decline in Dating & Video Segment Amid Regulatory and Competitive Challenges in 2023
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